Comparison of financial statements highlights the trend of the _________ of the business. A. Financial position B. Performance C. Profitability D. All of the above

Comparison of financial statements highlights the trend of the _________ of the business. A. Financial position  
B. Performance
C. Profitability
D. All of the above
by

1 Answer

Answer :

D. All of the above
by

Related questions

The objectives of Cash Flow Statement are (i) Analysis of cash position (ii) Short-term cash planning (iii) Evaluation of liquidity (iv) Comparison of operating Performance A. Both (i) and (ii) B. Both (i) and (iii) C. Both (ii) and (iv) D. (i), (ii), (iii), (iv)

Description : The objectives of Cash Flow Statement are (i) Analysis of cash position (ii) Short-term cash planning (iii) Evaluation of liquidity (iv) Comparison of operating Performance A. Both (i) and (ii) B. Both (i) and (iii) C. Both (ii) and (iv) D. (i), (ii), (iii), (iv)

Last Answer : D. (i), (ii), (iii), (iv)

Which of the following are techniques, tools or methods of analysis and interpretation of financial statements? A. Ratio Analysis B. Average Analysis C. Trend Analysis D. All of the above

Description : Which of the following are techniques, tools or methods of analysis and interpretation of financial statements? A. Ratio Analysis B. Average Analysis C. Trend Analysis D. All of the above

Last Answer : D. All of the above

Interpretation of accounts is the A. Art and science of translating the figures B. To know financial strengths and weaknesses of a business C. To know the causes for the prevailing performance of business D. All of the above

Description : Interpretation of accounts is the A. Art and science of translating the figures B. To know financial strengths and weaknesses of a business C. To know the causes for the prevailing performance of business D. All of the above

Last Answer : D. All of the above

------------- gives a diagnosis of the profitability and financial position a) Analysis of financial statements b) Preparation of financial statements c) Construction of statements d) None of the above

Description : ------------- gives a diagnosis of the profitability and financial position a) Analysis of financial statements b) Preparation of financial statements c) Construction of statements d) None of the above

Last Answer : a) Analysis of financial statements

Comparison of financial variables of a firm over a period of time is known as-------------- a) Comparative b) Common-size c) Trend analysis d) None of the above

Description : Comparison of financial variables of a firm over a period of time is known as-------------- a) Comparative b) Common-size c) Trend analysis d) None of the above

Last Answer : c) Trend analysis

Which of the following falls under Profitability ratios? (i) General Profitability ratios (ii) Overall Profitability ratios (iii) Comprehensive Profitability ratios A. (i) and (ii) B. (i) and (iii) C. (ii) and (iii) D. None of the above

Description : Which of the following falls under Profitability ratios? (i) General Profitability ratios (ii) Overall Profitability ratios (iii) Comprehensive Profitability ratios A. (i) and (ii) B. (i) and (iii) C. (ii) and (iii) D. None of the above

Last Answer : A. (i) and (ii)

Marketing management is ________. A. Managing the marketing process B. Monitoring the profitability of the company’s products and services C. Selecting target markets D. Developing marketing strategies to move the company forward E. The art and science of choosing target markets and getting, keeping, and growing customers through creating, delivering, and communicating superior customer value

Description : Marketing management is ________. A. Managing the marketing process B. Monitoring the profitability of the company's products and services C. Selecting target markets D. Developing ... , keeping, and growing customers through creating, delivering, and communicating superior customer value

Last Answer : E. The art and science of choosing target markets and getting, keeping, and growing customers through creating, delivering, and communicating superior customer value

__________ is a way of measuring, understanding, reporting and ultimately improving an organization’s social and ethical performance. A. Financial audit B. Social audit C. Ethical audit D. Corporate governance

Description : __________ is a way of measuring, understanding, reporting and ultimately improving an organization’s social and ethical performance. A. Financial audit B. Social audit C. Ethical audit D. Corporate governance

Last Answer : B. Social audit

A ___________________ is a way of measuring, understanding, reporting and ultimately improving an organization’s social and ethical performance. A. Social Audit B. Financial Audit C. Responsibility Audit D. Compulsory Audit

Description : A ___________________ is a way of measuring, understanding, reporting and ultimately improving an organization’s social and ethical performance. A. Social Audit B. Financial Audit C. Responsibility Audit D. Compulsory Audit

Last Answer : A. Social Audit

---------------- ratio studies the firm’s ability to meet its long term financial position a) Liquidity ratio b) Profitability c) Activity d) Leverage

Description : ---------------- ratio studies the firm’s ability to meet its long term financial position a) Liquidity ratio b) Profitability c) Activity d) Leverage

Last Answer : d) Leverage

Afford full diagnosis of the profitability and financial position a) Preparation of Profit and Loss Account b) Balance Sheet c) Final Accounts d) Analysis of financial statement

Description : Afford full diagnosis of the profitability and financial position a) Preparation of Profit and Loss Account b) Balance Sheet c) Final Accounts d) Analysis of financial statement

Last Answer : d) Analysis of financial statement

Cash Flow Statement is also known as A. Statement of Changes in Financial Position on Cash basis B. Statement accounting for variation in cash C. Both a and b D. None of the above

Description : Cash Flow Statement is also known as A. Statement of Changes in Financial Position on Cash basis B. Statement accounting for variation in cash C. Both a and b D. None of the above

Last Answer : C. Both a and b

The most simple and popular method of measuring economic development is to calculate the trend of Gross National Product (GNP) at: A. Current Prices B. Constant Prices C. Both of the above D. None of the above

Description : The most simple and popular method of measuring economic development is to calculate the trend of Gross National Product (GNP) at: A. Current Prices B. Constant Prices C. Both of the above D. None of the above

Last Answer : B. Constant Prices

Contracts made after incorporation but before the grant of Certificate of commencement of Business _________ A. Provisional contracts B. Pre incorporation contracts C. Preliminary contracts D. Both (b) & (c)

Description : Contracts made after incorporation but before the grant of Certificate of commencement of Business _________ A. Provisional contracts B. Pre incorporation contracts C. Preliminary contracts D. Both (b) & (c)

Last Answer : A. Provisional contracts

When the concept of ratio is defined in respected to the items shown in the financial statements, it is termed as A. Accounting ratio B. Financial ratio C. Costing ratio D. None of the above

Description : When the concept of ratio is defined in respected to the items shown in the financial statements, it is termed as A. Accounting ratio B. Financial ratio C. Costing ratio D. None of the above

Last Answer : A. Accounting ratio

Management accounting involves A. Preparation of financial statements B. Analysis and interpretation of data C. Recording of transactions D. None of the above

Description : Management accounting involves A. Preparation of financial statements B. Analysis and interpretation of data C. Recording of transactions D. None of the above

Last Answer : B. Analysis and interpretation of data

Identify the products that the customer usually buys frequently and with a minimum of comparison and buying effort. A. Specialty B. Convenience C. Unsought D. Augmented Answer

Description : Identify the products that the customer usually buys frequently and with a minimum of comparison and buying effort. A. Specialty B. Convenience C. Unsought D. Augmented Answer

Last Answer : B. Convenience

The basic function of management accounting is to: A. record all business transactions B. interpret the financial data C. assist the management in performing its functions effectively D. None of the above

Description : The basic function of management accounting is to: A. record all business transactions B. interpret the financial data C. assist the management in performing its functions effectively D. None of the above

Last Answer : C. assist the management in performing its functions effectively

Balance sheet indicates the financial status of the business ____. A. For a day B. For a month C. For a year D. At given period

Description : Balance sheet indicates the financial status of the business ____. A. For a day B. For a month C. For a year D. At given period

Last Answer : D. At given period

Comparison and interpretation of ratio is known as --------------------- a) Fund flow analysis b) Cash flow analysis c) Ratio analysis d) Trend analysis

Description : Comparison and interpretation of ratio is known as --------------------- a) Fund flow analysis b) Cash flow analysis c) Ratio analysis d) Trend analysis

Last Answer : c) Ratio analysis

Which of the following is not a mathematical method for evaluation of profitability of a chemical process plant? (A) Cash reserve (B) Rate of return on investment (C) Payout period (D) Discounted cash flow based on full life performance

Description : Which of the following is not a mathematical method for evaluation of profitability of a chemical process plant? (A) Cash reserve (B) Rate of return on investment (C) Payout period (D) Discounted cash flow based on full life performance

Last Answer : (A) Cash reserve

The direct advantages of accounting do not include A. Preparation of financial statements B. Comparison of results C. Competitive advantage D. Information to interested groups

Description : The direct advantages of accounting do not include A. Preparation of financial statements B. Comparison of results C. Competitive advantage D. Information to interested groups

Last Answer : C. Competitive advantage

Turnover ratios are also known as A. Activity ratios B. Performance ratios C. Both a and b D. None of the above

Description : Turnover ratios are also known as A. Activity ratios B. Performance ratios C. Both a and b D. None of the above

Last Answer : C. Both a and b

The following are the characteristics of Negative Stress A. It causes anxiety B. It feels unpleasant C. It decreases performance D. All of the above

Description : The following are the characteristics of Negative Stress A. It causes anxiety B. It feels unpleasant C. It decreases performance D. All of the above

Last Answer : D. All of the above

The following are the characteristics of Positive Stress A. It improves performance B. It feels exciting C. It motivates D. All of the above

Description : The following are the characteristics of Positive Stress A. It improves performance B. It feels exciting C. It motivates D. All of the above

Last Answer : D. All of the above

The customer will judge the offering by three basic elements: ________, services mix and quality, and price. A. Performance B. Salespeople C. Price D. Product features and quality E. None of the above

Description : The customer will judge the offering by three basic elements: ________, services mix and quality, and price. A. Performance B. Salespeople C. Price D. Product features and quality E. None of the above

Last Answer : D. Product features and quality

Where the seller wrongfully neglects or refuses to deliver the goods to the buyer, the buyer may sue for: A. Damages for non-delivery B. Damages for non-acceptance C. Specific performance D. Compensation

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Last Answer : A. Damages for non-delivery

The Bailment of goods as security for payment of a debt or performance of a promise is called: A. Pledge B. Bailment C. Contingent contract D. Agreement

Description : The Bailment of goods as security for payment of a debt or performance of a promise is called: A. Pledge B. Bailment C. Contingent contract D. Agreement

Last Answer : A. Pledge

_________ method for profitability evaluation of a project does not account for investment cost due to land. (A) Net present worth (B) Pay out period (C) Discounted cash flow (D) Rate of return on investment

Description : _________ method for profitability evaluation of a project does not account for investment cost due to land. (A) Net present worth (B) Pay out period (C) Discounted cash flow (D) Rate of return on investment

Last Answer : (B) Pay out period

Which of these statements highlights a valid privacy concern when working with large data sets? I. Data from multiple sources could be linked together to discover someone’s identity. II. For access to location-based services, a user needs to reveal location and identity. III. CAPTCHA is a popular crowdsourcing technique that can be used to sense if the user is human. A. I and II only B. I only C. I and III only D. I, II and III

Description : Which of these statements highlights a valid privacy concern when working with large data sets? I. Data from multiple sources could be linked together to discover someone's identity. II. For access to location-based services, a ... . I and II only B. I only C. I and III only D. I, II and III

Last Answer : B. I only

The Balance of Payment is an _________ system. A. Accounting B. Social C. Environmental D. Tourist

Description : The Balance of Payment is an _________ system. A. Accounting B. Social C. Environmental D. Tourist

Last Answer : A. Accounting

_________- is a prefix to everything that transports us instantly into the virtual world. A. Cyber B. Internet C. Tech D. None of the above

Description : _________- is a prefix to everything that transports us instantly into the virtual world. A. Cyber B. Internet C. Tech D. None of the above

Last Answer : A. Cyber

The information Technology Act was amended in _________ A. 2006 B. 2005 C. 2000 D. 2001

Description : The information Technology Act was amended in _________ A. 2006 B. 2005 C. 2000 D. 2001

Last Answer : A. 2006

The portion of Vedas that deals with rituals is known as _________. A. Mantras B. Brahmanas C. Aranyakas D. Upanishads

Description : The portion of Vedas that deals with rituals is known as _________. A. Mantras B. Brahmanas C. Aranyakas D. Upanishads

Last Answer : A. Mantras

Minutes should be recorded within _________ days from the date of conclusion of every meeting A. 10 B. 20 C. 30 D. 40

Description : Minutes should be recorded within _________ days from the date of conclusion of every meeting A. 10 B. 20 C. 30 D. 40

Last Answer : C. 30

Pre incorporation contract is also known as _________ A. Provisional B. Preliminary C. Illegal D. Legal

Description : Pre incorporation contract is also known as _________ A. Provisional B. Preliminary C. Illegal D. Legal

Last Answer : A. Provisional

A company can change its name at its own discretion by passing _________ A. Ordinary resolution B. Special resolution C. Boards resolution D. None of the above

Description : A company can change its name at its own discretion by passing _________ A. Ordinary resolution B. Special resolution C. Boards resolution D. None of the above

Last Answer : C. Boards resolution

The doctrine of _________ does not apply to acts void ab initio. A. Ultra virus B. Intra virus C. Constructive notice D. Indoor management

Description : The doctrine of _________ does not apply to acts void ab initio. A. Ultra virus B. Intra virus C. Constructive notice D. Indoor management

Last Answer : C. Constructive notice

In which circumstance is a CPA firm's independence most likely to be impaired? a. An individual on the audit has a close relative who is a receptionist for the client. b. The father of the audit senior holds a material financial interest in the client of which the senior is unaware. c. The spouse of a staff member on the audit has an immaterial common stock investment in the audit client. d. The partner in charge of the office's compensation is affected by office profitability, a portion of which arises from this audit

Description : In which circumstance is a CPA firm's independence most likely to be impaired? a. An individual on the audit has a close relative who is a receptionist for the client. b. The father of ... of the office's compensation is affected by office profitability, a portion of which arises from this audit

Last Answer : The spouse of a staff member on the audit has an immaterial common stock investment in the audit client

In which circumstance is a CPA firm's independence most likely to be impaired? a. An individual on the audit has a close relative who is a receptionist for the client. b. The father of the audit senior holds a material financial interest in the client of which the senior is unaware. c. The spouse of a staff member on the audit has an immaterial common stock investment in the audit client. d. The partner in charge of the office's compensation is affected by office profitability, a portion of which arises from this audit.

Description : In which circumstance is a CPA firm's independence most likely to be impaired? a. An individual on the audit has a close relative who is a receptionist for the client. b. The father of ... of the office's compensation is affected by office profitability, a portion of which arises from this audit.

Last Answer : The spouse of a staff member on the audit has an immaterial common stock investment in the audit client.

Which of the following factors most likely would heighten an auditor's concern about the risk of fraudulent financial reporting? a. Large amounts of liquid assets that are easily convertible into cash. b. Low growth and profitability as compared to other entity's in the same industry. c. Financial management's participation in the initial selection of accounting principles. d. An overly complex organizational structure involving unusual lines of authority.

Description : Which of the following factors most likely would heighten an auditor's concern about the risk of fraudulent financial reporting? a. Large amounts of liquid assets that are easily ... of accounting principles. d. An overly complex organizational structure involving unusual lines of authority.

Last Answer : An overly complex organizational structure involving unusual lines of authority.

Which of the following is least likely considered a financial statement audit risk factor? a. Management operating and financing decisions are dominated by top management. b. A new client with no prior audit history. c. Rate of change in the entity's industry is rapid. Profitability of the entity relative to its industry is inconsistent.d

Description : Which of the following is least likely considered a financial statement audit risk factor? a. Management operating and financing decisions are dominated by top management. b. A new client with no ... entity's industry is rapid d. Profitability of the entity relative to its industry is inconsistent.

Last Answer : Management operating and financing decisions are dominated by top management.

Suppliers and creditors of a firm are interested in A. Profitability position B. Liquidity position C. Market share position D. Debt position

Description : Suppliers and creditors of a firm are interested in A. Profitability position B. Liquidity position C. Market share position D. Debt position

Last Answer : B. Liquidity position

The OECD A. Gathers and publishes data on the international economy. B. Provides financial assistance to developing countries. C. Approves international standards and product regulations. D. Includes more developing countries than developed countries. E. Is a cartel of countries that export oil.

Description : The OECD A. Gathers and publishes data on the international economy. B. Provides financial assistance to developing countries. C. Approves international standards and product regulations. D. ... more developing countries than developed countries. E. Is a cartel of countries that export oil.

Last Answer : A. Gathers and publishes data on the international economy.

What are the two main functions of the WTO? A. The promotion of free trade and economic liberalism B. The administration of the WTO agreements and the resolution of international trade disputes C. The promotion of world peace, economic stability and financial co-operation D. The administration of the WTO’s institutional framework and the promotion of economic co-operation amongst its members

Description : What are the two main functions of the WTO? A. The promotion of free trade and economic liberalism B. The administration of the WTO agreements and the resolution of international trade ... of the WTO's institutional framework and the promotion of economic co-operation amongst its members

Last Answer : D. The administration of the WTO’s institutional framework and the promotion of economic co-operation amongst its members

Small nations (e.g., the Ivory Coast) whose trade and financial relationships are mainly with a single partner tend to utilize: A. Pegged exchange rates B. Freely floating exchange rates C. Managed floating exchange rates D. Crawling pegged exchange rates

Description : Small nations (e.g., the Ivory Coast) whose trade and financial relationships are mainly with a single partner tend to utilize: A. Pegged exchange rates B. Freely floating exchange rates C. Managed floating exchange rates D. Crawling pegged exchange rates

Last Answer : a single partner tend to utilize:

Analysis of any financial Statement comprises A. Balance sheet B. P&L Account C. Trading account D. All of the above

Description : Analysis of any financial Statement comprises A. Balance sheet B. P&L Account C. Trading account D. All of the above

Last Answer : D. All of the above

In the case of financial enterprises, the cash flow resulting from interest and dividend received and interest paid should be classified as cash flow from A. Operating activities B. Financing activities C. Investing activities D. None of the above

Description : In the case of financial enterprises, the cash flow resulting from interest and dividend received and interest paid should be classified as cash flow from A. Operating activities B. Financing activities C. Investing activities D. None of the above

Last Answer : A. Operating activities

The management accounting can be stated an extension of (i) Cost Accounting (ii) Financial Accounting (iii) Responsibility Accounting A. Both (i) and (ii) B. Both (i) and (iii) C. Both (ii) and (iii) D. (i), (ii), (iii)

Description : The management accounting can be stated an extension of (i) Cost Accounting (ii) Financial Accounting (iii) Responsibility Accounting A. Both (i) and (ii) B. Both (i) and (iii) C. Both (ii) and (iii) D. (i), (ii), (iii)

Last Answer : D. (i), (ii), (iii)

________ Accounting becomes a source of information for Management Accounting. A. Financial B. Cost C. Both (A) and (B) D. None of the above

Description : ________ Accounting becomes a source of information for Management Accounting. A. Financial B. Cost C. Both (A) and (B) D. None of the above

Last Answer : A. Financial